Bank of Montreal Can Purchases 9,390 Shares of SL Green Realty Corp (NYSE:SLG)

Bank of Montreal Can boosted its position in shares of SL Green Realty Corp (NYSE:SLG) by 39.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,118 shares of the real estate investment trust’s stock after purchasing an additional 9,390 shares during the quarter. Bank of Montreal Can’s holdings in SL Green Realty were worth $2,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SLG. Geode Capital Management LLC raised its holdings in SL Green Realty by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 1,332,281 shares of the real estate investment trust’s stock worth $105,202,000 after purchasing an additional 78,771 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in SL Green Realty by 26.1% during the 1st quarter. First Republic Investment Management Inc. now owns 7,368 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 1,524 shares during the last quarter. Janus Henderson Group PLC raised its holdings in SL Green Realty by 1.8% during the 1st quarter. Janus Henderson Group PLC now owns 26,488 shares of the real estate investment trust’s stock worth $2,382,000 after purchasing an additional 474 shares during the last quarter. California Public Employees Retirement System raised its holdings in SL Green Realty by 8.4% during the 1st quarter. California Public Employees Retirement System now owns 433,103 shares of the real estate investment trust’s stock worth $38,945,000 after purchasing an additional 33,672 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in SL Green Realty by 44.8% during the 1st quarter. Toronto Dominion Bank now owns 79,263 shares of the real estate investment trust’s stock worth $7,125,000 after purchasing an additional 24,530 shares during the last quarter. 99.90% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Edwin T. Burton III sold 7,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $81.00, for a total transaction of $567,000.00. Following the completion of the sale, the director now directly owns 292 shares of the company’s stock, valued at approximately $23,652. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.99% of the stock is currently owned by corporate insiders.

NYSE SLG opened at $82.69 on Friday. The business has a 50 day simple moving average of $79.39 and a 200 day simple moving average of $85.17. SL Green Realty Corp has a 52-week low of $75.46 and a 52-week high of $105.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 3.45 and a beta of 1.10.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, July 17th. The real estate investment trust reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.21. SL Green Realty had a return on equity of 3.99% and a net margin of 19.88%. The business had revenue of $244.96 million during the quarter, compared to analysts’ expectations of $241.61 million. During the same period in the prior year, the business earned $1.69 EPS. SL Green Realty’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts predict that SL Green Realty Corp will post 6.92 EPS for the current year.

A number of analysts have recently commented on SLG shares. ValuEngine cut SL Green Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Citigroup lowered their price target on SL Green Realty from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Scotiabank cut SL Green Realty from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $96.00 to $84.00 in a research note on Friday, August 16th. Robert W. Baird set a $92.00 price target on SL Green Realty and gave the company a “hold” rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley lowered their price target on SL Green Realty from $84.50 to $78.00 and set an “underweight” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $93.34.

SL Green Realty Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet.

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Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

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